| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 11 November 2025 |
| Pathway | Sensitive land - Benefit to New Zealand |
| Investment | Acquisition of a freehold interest in approximately:
|
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Arvida RV1 Limited Asia 43% Middle East 38% North America 13% Various 6% |
| Vendor | The Hall Family Trust New Zealand 100% Denise Jane Prince and John Mark Prince New Zealand 100% Telfer Family Trust New Zealand 100% |
| Background | The Applicant is a subsidiary of Arvida Limited, a retirement village provider and operator in New Zealand. It is ultimately owned by global investment firm Stonepeak Partners LLC. The land is currently used by the Vendors as residential homes. The Applicant intends to develop the land into a retirement village comprising of approximately 167 independent villas and 28 dual purpose care suites, as well as associated infrastructure, amenities and roading. The Applicant will be the community operator of the retirement village. The main benefits to New Zealand are likely to include increased capital expenditure and the creation of employment. It also advances government policies in relation to housing and the aged population. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. This application was subject to a national interest assessment because the Applicant is a non-New Zealand government investor. The Minister of Finance has decided that the Investment is not contrary to New Zealand’s national interest. |
| More information | Tessa Baker Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |